Senior Finance Associate, Innovation
Somerville, NJ - USA
Job Summary
Mass General Brigham relies on a wide range of professionals including doctors nurses business people tech experts researchers and systems analysts to advance our mission. As a not-for-profit we support patient care research teaching and community service striving to provide exceptional care. We believe that high-performing teams drive groundbreaking medical discoveries and invite all applicants to join us and experience what it means to be part of Mass General Brigham.
Job Summary
Mass General Brigham Ventures is an early-stage venture capital firm founded in 2008 to translate breakthrough science into impactful therapies and technologies. As the venture arm of Mass General Brigham one of the worlds leading medical research institutions we invest in bold transformative innovations to improve outcomes and advance patient care worldwide.The Role
This is a unique opportunity to join a highly collaborative and mission-driven team at the intersection of life sciences finance and innovation. As a Senior Finance Associate youll play a key role in supporting the financial and operational success of our portfolio of cutting-edge life science investments. Youll partner with colleagues across the finance investment and investor relations functionsas well as with external administrators accountants and banking partnersto ensure smooth execution and reporting for all venture fund activities.
Reporting Structure
The Senior Finance Associate reports to the Senior Director of Finance and works closely with other members of the venture capital and innovation teams.
Key responsibilities:
Manage cash flow spreadsheets to monitor portfolio company investments returns and performance metrics.
Collaborate with external financial professionals such as the fund administrator independent accountants banks and brokers to ensure accurate timely execution of fund operations.
Support the preparation of financial reports and presentations for the Investment Committee Limited Partners (LPs) and internal governing boards.
Partner with internal treasury operations to align capital flow projections and portfolio performance tracking.
Oversee the annual audit and tax filing processes ensuring all submissions and documentation are accurate and on schedule.
Create investor-facing materials presentations and financial summaries to support fundraising and LP communications.
Plan and coordinate capital calls and distributions.
Prepare and initiate wire transfers for investments.
Uphold strong internal controls and help safeguard the firms financial assets through adherence to best accounting practices.
Qualifications
- Bachelors or higher degree in Accounting or Finance required
- 4-6 years of relevant experience in venture capital private equity public accounting or fund administration required.
- Advanced Excel expertise including proficiency with complex formulas data modeling and financial analysis tools; true Excel power user.
- Strong understanding of venture capital fund structures including capital call and distribution processes waterfall modeling and carried interest calculations.
- Proven ability to build maintain and interpret cash flow models and valuation analyses.
- Solid grasp of GAAP accounting principles and fund financial reporting requirements.
- Exceptional analytical skills and attention to detail; proactive resourceful and able to work independently in a fast-paced environment.
- Clear professional communication skillsboth written and verbalwith the ability to distill complex data into concise insights.
- Creative presentation design skills with the ability to develop polished investor-ready PowerPoint presentations and other visual financial materials.
- Interest or experience in the life sciences sector is preferredbut a passion for innovation and precise financial execution is essential.
Additional Job Details (if applicable)
Remote Type
Work Location
Scheduled Weekly Hours
Employee Type
Work Shift
Pay Range
$79560.00 - $115720.80/AnnualGrade
7EEO Statement:
Mass General Brigham Competency Framework
At Mass General Brigham our competency framework defines what effective leadership looks like by specifying which behaviors are most critical for successful performance at each job level. The framework is comprised of ten competencies (half People-Focused half Performance-Focused) and are defined by observable and measurable skills and behaviors that contribute to workplace effectiveness and career success. These competencies are used to evaluate performance make hiring decisions identify development needs mobilize employees across our system and establish a strong talent pipeline.
Required Experience:
Senior IC
About Company
Patients at Mass General have access to a vast network of physicians, nearly all of whom are Harvard Medical School faculty and many of whom are leaders within their fields.